Print Traders seal 12 deals for import of 0.7m MTs of wheat KARACHI: Pakistani traders have finalized 12 deals for the import 0.7 million metric tons of wheat to avoid the... Updated 08 Sep, 2023 09:18am
Print Exchange companies sector: MCR enhanced to Rs500m as SBP introduces major reforms KARACHI: The State Bank of Pakistan (SBP), introducing the structural reforms for the Exchange Companies, on... Updated 07 Sep, 2023 09:17am
Print ECAP resents deployment of LEAs’ personnel at exchange cos KARACHI: The Exchange Companies Association of Pakistan (ECAP) has opposed deployment of personnel of law... Updated 06 Sep, 2023 10:54am
Print Growing significance of RMB highlighted KARACHI: Speakers, at a seminar titled “RMB Prospects & Applications” hosted by the Industrial and Commercial... Updated 30 Aug, 2023 09:07am
Business & Finance Former BoI chief gives ‘road map’ to arrest economic slide KARACHI: Former Chairman of Board of Investment (BoI) Muhammad Azfar Ahsan has given a roadmap to overcome the... Published 29 Aug, 2023 06:01am
Print Abhi’s valuation grew to $90m in two years KARACHI: Pakistan’s financial startup Abhi’s valuation grew to $90 million during the last two years and became one... Updated 23 Aug, 2023 09:45am
Business & Finance Jul remittances down 19.3pc to $2.027bn YoY KARACHI: Inflow of home remittances fell sharply, ie, over 19.3 percent during the first month of this fiscal year,... Published 11 Aug, 2023 05:17am
Print All-time high rice exports likely KARACHI: The country’s rice export fell sharply, ie, 14 percent during the last fiscal year (FY23) due to lower crop... Updated 04 Aug, 2023 09:33am
Print Purchase of USD for card payments facility extended by 5 months KARACHI: The State Bank of Pakistan (SBP) has decided to extend settlement of card-based cross-border transactions... Updated 01 Aug, 2023 09:39am
Business & Finance Policy rate kept unchanged as economic uncertainty ebbs KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate... Published 01 Aug, 2023 06:19am
Business & Finance Foreign investors: Repatriation of profit, dividend dives to 18-year low KARACHI: The repatriation of profit and dividend by foreign investors plunged by 80 percent, ie, to 18 years lowest... Updated 27 Jul, 2023 10:01am
Print ECs can import dollars in cash through cargo or security companies KARACHI: The State Bank of Pakistan (SBP) Tuesday night allowed the Exchange Companies import of cash US dollars... Updated 26 Jul, 2023 04:21pm
Print Budgetary support: Govt borrows Rs500bn from banks in 2 weeks: SBP Says federal government's borrowing for budgetary support rose by 218 percent during the initial two weeks of this fiscal year Updated 26 Jul, 2023 01:00pm
Print Incentives, innovative services: Remittance inflows from GCC states may soar to $20bn: experts KARACHI: The remittance inflows can be increased by more than $5 billion to $20 billion to Pakistan through the... Updated 21 Jul, 2023 09:25am
Print Productivity, export and debt: SBP asks govt to exercise greater prudence Assessment of macroeconomic dynamics reveals a number of challenges for the banking sector and the repayment capacity of borrowers may come under stress Updated 08 Jul, 2023 05:14pm
Business & Finance Imported items: PM urged to remove ‘solar panel’ from non-essential list KARACHI: The Pakistan Solar Association (PSA) has urged the prime minister for removal of the import of solar panel... Published 08 Jul, 2023 06:20am
Print Q1FY24: Cash-strapped govt to borrow record Rs11trn KARACHI: In the absence of sufficient foreign inflows, the federal government has planned to borrow over Rs 11... Updated 07 Jul, 2023 09:07am
Print Govt debt stocks hit all-time high of Rs59trn KARACHI: The federal government’s total debt stocks rose to an all-time high level of Rs 59 trillion at the end of... Updated 06 Jul, 2023 08:35am
Business & Finance 24.88pc shares of BIPL: JS Bank resumes process of acquisition KARACHI: JS Bank Limited resumed the process of acquisition of 24.88 percent shares of BankIslami Pakistan Limited... Published 28 Jun, 2023 06:31am
Print Policy rate hiked by100 bps to 22pc KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its emergency meeting held on... Updated 27 Jun, 2023 09:02am